Le marché américain hésite entre optimisme et pessimisme vis-à-vis de la demande chinoise.
Vendredi dernier, l’Usda a revu à la hausse sa prévision de récolte 2025/26 de fèves de soja US et mais aussi celle des stocks de fin de campagne (manque de demande chinoise).
Incertitude concernant la demande en biocarburants aux USA. L’Agence américaine de protection de l’environnement a proposé de réaffecter les exemptions de mélange de biocarburants des petites raffineries vers grandes raffineries, offrant deux options de 50 % et 100 %.

American market is wavering between optimism and pessimism regarding Chinese demand. U.S. and Chinese officials met in Spain earlier this week but ultimately did not discuss agricultural commodities.
Last Friday, USDA increased 2025/26 US soybean production. It also rose its ending stocks forecast after cutting its export projection to the lowest since a U.S. trade war with China.
Uncertainty about biofuel demand in USA. The U.S. Environmental Protection Agency issued a proposal for reallocating to large refineries the biofuel blending obligations waived under the Small Refinery Exemption program, offering two primary options of 50% and 100%. This has disrupted the market and is still under discussion.